Alfred Erickson Garcia

When you need some extra cash, you may consider taking out a personal loan or a line of credit. Both have their own advantages and may be better suited to different situations, and both have important differences that you need to consider. In short, a loan is typically a lump sum, where as a line of credit is a revolving account that allows you to withdraw, repay and redraw available funds. Read on below to figure out which is right for your situation.

Related Article


Path Money would like to send you news and updates.

Notifications can be turned off anytime from browser settings.